Tags

, , , ,

ASX 200 kicks 46 points higher to 8165 (+0.6%). Banks and industrials leading the charge higher. WBC rose 0.9% on a higher dividend and an extension of the buyback. CBA up 1.6% and the Big Bank Basket up to $246.72 (+1.3%). REITs slightly positive, SCG up 0.3% and tech and industrials better, WTC rallied another 2.6% on the calm, XRO up 1.4% and the All–Tech Index up 1.23%. QAN rallied another 1.5% with TCL rallying 2.1%. Healthcare better too, CSL up 1.7%. Resources were mixed, MIN fell 9.6% on the inquiry update that satisfied no one. Iron ore miners eased, BHP down 0.4% and RIO off 1.3% with gold miners slightly better, NST up 0.9% and WGX up 3.2%. Oil and gas stocks pretty flat and uranium stocks slid on lower spot prices, PDN down 3.3% and BOE falling 7.8%. In corporate news, TLX rose 3.5% on some reimbursement news, SGR fell 6.7% as a big line was traded at 20c. GPT reaffirmed guidance, FBU rose 1.5% on NZ Commerce Commission news. Nothing significant on the economic front, some ANZ jobs numbers with China, central banks and US elections the focus. Asian markets better with China up 0.5%, HK up 0.1%. Japan closed for Culture Day. 10Y yields continuing to rise to 4.56%. Dow Futures down 26 points. NASDAQ Futures up 75 points. 

HIGHLIGHTS

  • Winners: STX, LRS, PDI, TLX, ASB, CU6, WGX
  • Losers: INR, MIN, BOE, LOT, BOT, SGR
  • Positive Sectors: Banks. Tech. Industrials.
  • Negative sectors: Iron ore. Uranium.
  • ASX 200 Hi 8171 Lo 8120
  • Big Bank Basket: Up to $246.72(+1.3%)
  • All-Tech Index: Up 1.2%
  • Gold: Falls to $4154
  • Bitcoin: Slips to US$69076
  • 10-year yields rise to 4.56%.
  • AUD: Better at 66.02c
  • Asian markets: HK up 0.1% and China up 0.7%.
  • Dow Futures down 26 Nasdaq up 75

MARKET MOVERS

  • STX +7.0% corporate update.
  • WGX +3.2% Polar Star emerges at Bluebird South Junction.
  • WTC +2.6% rally continues.
  • LRS +5.3% change in substantial holding.
  • TLX +3.5% CMS payment improvement decision.
  • MEI +20.0% nice rally, low volume.
  • MIN -9.6% inquiry results please no one.
  • INR -10.7% sliding lower.
  • SGR -6.7% continues to implode. Big line trades at 20c
  • BOE -7.6% uranium sell-off.
  • BOT -7.3% AGM results.
  • VNL -10.3% gives back gains. Volatility continues.
  • MEK -19.5% zero debt gold producer presentation.
  • Speculative Stock of the Day: ORD +75% high-grade gold results at Barimaia gold project.

COMPANIES

ECONOMIC AND OTHER NEWS

  • Australian job ads rose 0.3% in October, from September when it gained an upwardly revised 2.3%, the second consecutive month of rises, according to a private survey by ANZ-Indeed. Growth in job ads in October was “Christmas-themed”, with both retail and food service opportunities rising considerably.
  • Berkshire cut its holdings in Apple by roughly 25% in the third quarter after slashing it by almost half in the second quarter. Its cash stash is now US$352bn!
  • Opec+ members delay planned rise in oil production. Oil slightly better in Asian trade.
  • Investors expect Beijing to announce details on fiscal support Friday.

And finally…..

Clarence

XXXX